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To be clear it is not a way to just write off your outstanding credit or to walk away scot free from your financial obligations. No, it is a service offered by some companies to reduce the amount of your overall credit bill. Consolidation service is the name used by many of these companies to describe a service where by they will negotiate with your creditors. A second aspect needs to address whether you will make regular set payments or if you're just planning to put in lumps of cash whenever you can afford it. It's usually a better idea to start by saving regular monthly amounts as it gets you into the rhythm of saving and pretty soon you will find that you don't really notice the amounts going out each month. Credit Card Bill Consolidation Loans Yes Or No Credit card bill consolidation is something everyone who is having problems making the monthly repayment should consider. That is down to the high amounts of interest that the card companies charge on your credit card bill. Consolidation loans are usually far cheaper rates of interest and really can work out to be quite a significant saving. Explain the situation you've found yourself in and ask what they can do to help. Some, not all, but some companies will freeze the interest, especially if you've always had a triple A credit rating in the past. Let take a worst case scenario here and assume your creditors aren't helpful. If you find that is the case then start to look at some of the options. Crash of stock market prices can be expected from time to time as markets correct themselves following false highs but what happened that October began an economic downturn that lasted for years. Starting on the Thursday October 24th, 1929 crash of stock market confidence became even worse on the following Monday and Tuesday. What Is The First Step To Investing What is the first step to investing is a question a lot of people have these days. They know that investing in the stock market can be a great way to secure their financial future but they are just a little unsure how to go about it. To answer their question of "what is the first step to investing? 

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